The federal government today announced its response to the Murray inquiry into the financial services industry, intended to make Australia’s financial system more flexible, efficient and resilient to global shocks. The government has agreed with all but one of the recommendations of the inquiry and is planning reforms on a wide range of issues. It remains to be seen whether the proposed changes to how superannuation funds are managed will pass through Parliament with opposition from the Greens, Labor, and industry super funds.

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